1,607 Shares in The Travelers Companies, Inc. $TRV Acquired by Hudson Portfolio Management LLC

Hudson Portfolio Management LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,607 shares of the insurance provider’s stock, valued at approximately $531,000.

Other large investors have also recently added to or reduced their stakes in the company. Berman McAleer LLC increased its holdings in shares of Travelers Companies by 3.5% in the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock valued at $295,000 after buying an additional 30 shares in the last quarter. Willner & Heller LLC boosted its stake in shares of Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after acquiring an additional 32 shares in the last quarter. Spinnaker Trust boosted its stake in shares of Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 33 shares in the last quarter. Cim LLC boosted its stake in shares of Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after acquiring an additional 34 shares in the last quarter. Finally, Avalon Trust Co grew its holdings in shares of Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after acquiring an additional 35 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings raised Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a report on Monday, July 13th. HSBC upped their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Down 0.2%

Travelers Companies stock opened at $363.83 on Friday. The firm has a market cap of $75.88 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s 50 day moving average price is $352.28 and its two-hundred day moving average price is $318.12. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted $6.51 EPS. On average, research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.